Enrollment deposits?

<p>I'm applying to several schools and haven't decided which one I'm going to yet. I was wondering what happens if I don't submit my enrollment deposit by the deadline? Do I lose my spot at the college? Do I need to make my decision by the May 1st deadline in order to send the right college the enrollment deposit? </p>

<pre><code> Thanks!
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<p>This is what I’ve always read in colleges websites:</p>

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<p>Don’t know if it holds true for ALL colleges.</p>

<p>you can always pay the deposit and reserve your spot !!!</p>